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The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
Sep 16, 2018 · Argentina’s crisis: What went wrong and what is next. A plunging currency, a $50bn IMF credit line and street protests against austerity. How did Argentina reach this point?
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Aug 15, 2022 · Argentina’s Economic Crisis Never Went Away. Argentines remain enmeshed in a populist policy trap as inflation soars past a whopping 70 percent. By Anusha Rathi. Argentines protest to demand...
Apr 19, 2021 · Hanging over national life is an inevitable renegotiation later this year with the International Monetary Fund, an institution that Argentines widely detest for having imposed crippling budget...
Jan 28, 2020 · Argentina is grappling with a serious economic crisis. Its currency, the peso, has lost two-thirds of its value since 2018; inflation is hovering around 30%; and since 2015 the economy has contracted by about 4% and its external debt has increased by 60%. In June 2018, the Argentine government turned to the International Monetary Fund (IMF) for ...
Jun 15, 2020 · In 2018, the Argentine government faced numerous economic challenges: the unsustainable buildup of debt, rapid depreciation of its currency (the peso), economic contraction, and inflation.
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The spike in inflation and rise in interest rates have weighed on the economy, but in addition to the financial storm, Argentina has been hit by some bad luck beyond Macri’s control. The worst drought in decades slashed the harvests of soybeans and corn, the backbone of Argentina’s economy.
